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Dec 6, 2012
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so you've heard discussions about deficit reduction over the years and tax policy. guest: yeah. host: we always seem to focus on the out years. when it comes to a lot of these issues. do the out years ever come about or does policy get changed before any real cuts are made? guest: so that they are pushing -- they're delaying the pain is what you're saying and they'll come back and -- yeah. that has occurred, the very famous one is the doc fix. i'm sure you're familiar with. they back in the 1990's reduced payments to doctors through medicare and then decided that wasn't such a good idea after doctors said, we don't like that. and so now just like these tax extenders occur every year or every two years they do a doc fix where they make sure that the docs get paid as they had before. but they don't do that permanently. they just do it on a year by year basis because it looks better that way maybe or they just feel like maybe one day we'll come up with a long-term solution that threads the needle. but it's an issue but on the other hand, sure, they've been able to reduce the defici
so you've heard discussions about deficit reduction over the years and tax policy. guest: yeah. host: we always seem to focus on the out years. when it comes to a lot of these issues. do the out years ever come about or does policy get changed before any real cuts are made? guest: so that they are pushing -- they're delaying the pain is what you're saying and they'll come back and -- yeah. that has occurred, the very famous one is the doc fix. i'm sure you're familiar with. they back in the...
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Dec 2, 2012
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senate to pass important legislation, including the gramm-rudman deficit law, which was so important at the time. those issues remain important today. he did not aspire to be a politician, and he did not have to like one. he cared deeply. [laughter] we know he cared deeply about our country and devoted himself because he had a calling to shape and preserve our country's future. he believed deeply in the rule of law and used the force of his intellect to defend it. one of the things that is most telling about warren rudman is the statement that represents what he was all about. he once said -- i consider myself an american first and a republican second. fiercely independent, and totally committed to the common good, he had the courage of his convictions and stood for what he believed in. in bidding farewell to the senate in 1992, he expressed gratitude for the opportunity to serve in the senate with talented colleagues. many are here today to speak about their experiences with him. he also expressed his hope for the future of the senate, saying it is a very special place with very spe
senate to pass important legislation, including the gramm-rudman deficit law, which was so important at the time. those issues remain important today. he did not aspire to be a politician, and he did not have to like one. he cared deeply. [laughter] we know he cared deeply about our country and devoted himself because he had a calling to shape and preserve our country's future. he believed deeply in the rule of law and used the force of his intellect to defend it. one of the things that is most...
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99
Dec 1, 2012
12/12
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locale raising state and taxes to solve their deficit problems. something to keep in mind when we talk about these detention caps. you could be pushed up against a deduction if you live in new york. if you live in new york and have high state and local taxes, if congress moves forward with a deduction cap, you could go right up to that cap. host: 24% of those were claiming the earned income tax credits. 13% climb in the child tax credit. these credits, you can use them simultaneously. guest: some of these are refundable which means you get money back even if your tax bill is zero. whatever the refundable amount is, you get to take home. host: we will go to ray in atlanta, georgia. caller: how much will an individual or can an individual receive who has two children in a single-parent household? what is the maximum amount of money they receive back in the form of tax credits? once you look at that and if there at that dollar level, we're finding their children for free and reduced lunch and i assume adding some additional money for their housing. w
locale raising state and taxes to solve their deficit problems. something to keep in mind when we talk about these detention caps. you could be pushed up against a deduction if you live in new york. if you live in new york and have high state and local taxes, if congress moves forward with a deduction cap, you could go right up to that cap. host: 24% of those were claiming the earned income tax credits. 13% climb in the child tax credit. these credits, you can use them simultaneously. guest:...
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144
Nov 29, 2012
11/12
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senate to pass important legislation, including the grand rudman deficit law. those issues remain important today. he did not aspire to be a politician. he did not have to like one. he cared deeply. we know he cared deeply about our country and devoted himself because he had a calling to shape and preserve our country's future. he believed deeply in the rule of law and used the force of his intellect to defend it. one of the things that is most telling about warren rudman is the statement that represents what he was all about. he once said -- i consider myself an american first and a republican second, fiercely independent, and totally committed to the common good. he had the carriage of his convictions and stood for what he believed in. in bidding farewell to to the senate in 1992, he expressed gratitude for the opportunity to serve in the senate which talented colleagues. many are here today to speak about their experiences with him. he expressed his hopes for the future of the senate, saying it is a special place with special people. i hope in the coming yea
senate to pass important legislation, including the grand rudman deficit law. those issues remain important today. he did not aspire to be a politician. he did not have to like one. he cared deeply. we know he cared deeply about our country and devoted himself because he had a calling to shape and preserve our country's future. he believed deeply in the rule of law and used the force of his intellect to defend it. one of the things that is most telling about warren rudman is the statement that...
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147
Dec 6, 2012
12/12
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marchese said tax increases are necessary to reduce the deficit. senator bob casey of pennsylvania chaired the hearing. >> the committee will come to order. we want to thank everyone for being here today. i did not have a chance to personally greet our witnesses, but i will have time to do that later. i want to thank both of our witnesses for being here. i will have an opening statement that i will make, and then i will turn it to dr. burgess. i know that vice chairman brady will be her as well. we know the challenges that we confront here in congress on a whole range of issues which are sometimes broadly described under the umbrella of the terminology, fiscal cliff -- when we confront those difficult challenges, we have to ask ourselves a couple of basic questions. one of the basic questions we must ask is, what will be the result and will be the impact as it relates to middle income families? what will happen to them in the midst of all these tough issues we have to work out? we know there is broad agreement that going over the so-called fiscal c
marchese said tax increases are necessary to reduce the deficit. senator bob casey of pennsylvania chaired the hearing. >> the committee will come to order. we want to thank everyone for being here today. i did not have a chance to personally greet our witnesses, but i will have time to do that later. i want to thank both of our witnesses for being here. i will have an opening statement that i will make, and then i will turn it to dr. burgess. i know that vice chairman brady will be her...
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Nov 30, 2012
11/12
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because he wants to bring down the deficit. he wants to -- and has agreed to, and we've agreed to, over $1.7 trillion in spending cuts already for 2011, 2012, and 2013 and for the next decade. or at least until 2022. we've already agreed to that you press that, you were -- you pressed that, you were successful, we agreed on many of those. some we didn't agree on. but you had the votes, we needed to reach an agreement and we reached an agreement. we've cut almost $2 trillion of spending already. you're correct. we need to assure the fact that we pay for what we buy. and if we don't want to pay for it, my view is we shouldn't buy it. frankly, those tchash principle applies in my opinion to tax eexpenditures as well as to buying stuff. it all reduces your -- -- reduces your ability to pay for what you're buying. it's not that i'm technically correct, i'm correct. the bill i'm asking you to pass will simply give to the 98% of americans, taxpayers, the assurance that their taxes will not go up on january 1. if we dent don't pass it,
because he wants to bring down the deficit. he wants to -- and has agreed to, and we've agreed to, over $1.7 trillion in spending cuts already for 2011, 2012, and 2013 and for the next decade. or at least until 2022. we've already agreed to that you press that, you were -- you pressed that, you were successful, we agreed on many of those. some we didn't agree on. but you had the votes, we needed to reach an agreement and we reached an agreement. we've cut almost $2 trillion of spending already....
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Nov 29, 2012
11/12
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budget deficit by over $1 billion over the next five years. . that is unpaid for as well. so again there are many ways that immigration can be looked at to reduce our budget deficit, and many concepts of comprehensive immigration reform, either through fees paid by those who violate the law, penalties paid, increased taxes going forward for those who would have to pay taxes under immigration reform, would actually reduce our deficit, but here we are with a solitary idea around immigration that forces all members of this body to weigh two valuable programs against one another. and at the same time cost taxpayers over $1 billion over the next five years. it's a choice that congress shouldn't face. there are also very legitimate concerns that not only does this bill weigh two valuable programs , but in fact it's a backdoor way to reduce the number of legal immigrants. there should be no hesitation in saying it by reducing the number of legal immigrants we will increase the number of illegal immigrants. so again this bill will likely increase the nu
budget deficit by over $1 billion over the next five years. . that is unpaid for as well. so again there are many ways that immigration can be looked at to reduce our budget deficit, and many concepts of comprehensive immigration reform, either through fees paid by those who violate the law, penalties paid, increased taxes going forward for those who would have to pay taxes under immigration reform, would actually reduce our deficit, but here we are with a solitary idea around immigration that...